Mar
31
JPMorgan, Wells Fargo Asked by U.S. to Save Records Tied to 1MDB
By-
Requests add to ranks of banks cooperating in global probes
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Banks, which include Deutsche Bank, aren’t seen as targets
JPMorgan Chase & Co., Deutsche Bank AG and Wells Fargo & Co. have been asked by U.S. authorities to retain and turn over records that may be related to improper transfers from an embattled Malaysian state fund, according to people familiar with the matter.
The banks aren’t targets of the investigation and haven’t been accused by authorities of wrongdoing. As some of the biggest conduits of the global financial system, they join other institutions that have said they’re working with U.S. officials examining money flows connected with 1Malaysia Development Bhd., known as 1MDB…
JPMorgan, Wells Fargo Asked by U.S. to Save Records Tied to 1MDB
